Mountain Pacific Investment Advisers Inc. ID Raises Stake in RTX Co. (NYSE:RTX)

Mountain Pacific Investment Advisers Inc. ID lifted its position in shares of RTX Co. (NYSE:RTX) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,738 shares of the company’s stock after purchasing an additional 1,106 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in RTX were worth $903,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its holdings in shares of RTX by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,726,154 shares of the company’s stock worth $987,871,000 after purchasing an additional 256,215 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in RTX by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company’s stock worth $784,735,000 after acquiring an additional 60,319 shares during the period. Sanders Capital LLC boosted its holdings in RTX by 20.2% in the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock worth $719,478,000 after acquiring an additional 1,682,928 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RTX by 29.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock worth $602,941,000 after acquiring an additional 1,914,184 shares during the period. Finally, American Century Companies Inc. boosted its holdings in RTX by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 6,665,887 shares of the company’s stock worth $479,744,000 after acquiring an additional 593,305 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 in the last three months. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on RTX shares. UBS Group upped their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada upped their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, Susquehanna upped their target price on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.27.

RTX Stock Performance

RTX stock opened at $101.41 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The firm has a market cap of $134.83 billion, a P/E ratio of 39.77, a P/E/G ratio of 1.84 and a beta of 0.88. RTX Co. has a 12-month low of $68.56 and a 12-month high of $103.89. The stock’s 50 day simple moving average is $95.57 and its 200 day simple moving average is $87.61.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 EPS. As a group, equities research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. RTX’s payout ratio is currently 92.55%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.